CBOT soybeans end narrowly mixed; soymeal firms, soyoil slides

CHICAGO, Feb 25 (Reuters) - Chicago Board of Trade soybean futures closed narrowly mixed on Tuesday, supported by signs of export demand for U.S. soymeal and inter-market spreading against corn futures, traders said.

• Rallies were capped by improving weather in Argentina that could bolster global soybean supplies as well as seasonal pressure from the ongoing harvest of a bumper Brazilian soy crop.

• CBOT May soybeans SK25 settled up 1-1/4 cents at $10.48-3.4 per bushel.

• CBOT May soymeal SMK25 ended up $2.10 at $303 per short ton while May soyoil BOK25 fell 0.25 cent to finish at 46.05 cents per pound.

• Soyoil futures were anchored by uncertainty about future U.S. biofuel policy, which will influence demand for soyoil, traders said.

• In South America, heavy rains in Argentina were bringing relief to corn and soy crops that have struggled with hot and dry weather. Showers were likely to continue over the next few days, marking a turning point for drought-hit crops, the Rosario grains exchange said on Monday.

• Additional pressure stemmed from fears that U.S. tariffs would trigger reprisals against U.S. agricultural exports. President Donald Trump said proposed levies on imports from Mexico and Canada were on track to be implemented.

• Traders await preliminary U.S. 2025 supply and demand forecasts due on Thursday from the U.S. Department of Agriculture's annual outlook conference.